Recap Y-0 acted as resistance initially but not strong enough to hold euro down. Clearing Y-0 gave way to retest Y+1. Closed the week near Y+1 and week high.
Outlook Crime scene 1.14 is in play. If it decisively stops euro from going higher, euro will be forced to go back down to B-1 and likely lower.
Lawrence's Comment
Recap
B-0 quickly turned into support and sent euro up above Y+1. 100% absolute range expansion stopped the move. Closed the week above Y+1 and near week high.
Outlook
Euro ...
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Lawrence's Comment
Recap
As mentioned last week, loonie depends on gold to hold it up. The moment gold breached its support, loonie collapsed spiking the pair up to Y+2. Closed the week ...
EURUSD Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Y-0 acted as resistance initially but not strong enough to hold euro down. Clearing Y-0 gave way to retest Y+1. Closed the week near Y+1 and week high.
Outlook
Crime scene 1.14 is in play. If it decisively stops euro from going higher, euro will be forced to go back down to B-1 and likely lower.
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